Here's Why CEO Mike Wirth's Extension Is Great News for Chevron Stock
(NYSE: CVX) made two major announcements on Sunday, July 23rd. The first was a pre-release of second-quarter results, which included strong production numbers and profits.
The second news was an exception to the mandatory retirement age of 65 for CEO Mike Wirth, who will be 63 later this year -- implying that he will be CEO for at least another two years.
Wirth has been in that job since February 2018. And in that time, he and his team faced a number of challenges, during which he steered Chevron in the right direction when so many of its peers were making mistakes.
Source Fool.com
Chevron Corp. Stock
€145.18
-0.510%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 23.3% compared to the current price of 145.18 € for Chevron Corp..
